Glunz & Jensen Holding AS (OCSE:GJ) Receivables Turnover : 4.10 (As of Jun. 2024)

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What is Glunz & Jensen Holding AS Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Glunz & Jensen Holding AS's Revenue for the six months ended in Jun. 2024 was kr64.9 Mil. Glunz & Jensen Holding AS's average Accounts Receivable for the six months ended in Jun. 2024 was kr15.8 Mil. Hence, Glunz & Jensen Holding AS's Receivables Turnover for the six months ended in Jun. 2024 was 4.10.

Glunz & Jensen Holding AS Receivables Turnover Historical Data

The historical data trend for Glunz & Jensen Holding AS's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Glunz & Jensen Holding AS Receivables Turnover Chart

Glunz & Jensen Holding AS Annual Data

Trend

May13

May14

May15

May16

May17

Mar19

Mar20

Mar21

Mar22

Dec23

Receivables Turnover

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5.99

6.68

6.76

7.70

Glunz & Jensen Holding AS Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															4.12	3.92	5.30	4.68	4.10

Competitive Comparison of Glunz & Jensen Holding AS's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Glunz & Jensen Holding AS's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Glunz & Jensen Holding AS's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Glunz & Jensen Holding AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Glunz & Jensen Holding AS's Receivables Turnover falls into.

Glunz & Jensen Holding AS Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Glunz & Jensen Holding AS's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	143.319	/ (	(20.771	+	16.44)	/	2 )
=	143.319	/	18.6055
=	7.70

Glunz & Jensen Holding AS's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	64.9	/ (	(16.44	+	15.2)	/	2 )
=	64.9	/	15.82
=	4.10

Glunz & Jensen Holding AS (OCSE:GJ) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Glunz & Jensen Holding AS Receivables Turnover Related Terms

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Glunz & Jensen Holding AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Glunz & Jensen Holding AS (OCSE:GJ) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Selandia Park 1, Ringsted, DNK, DK-4100

Website

https://www.glunz-jensen.com

Glunz & Jensen Holding AS is a supplier of, plate-making equipment and solutions for the prepress industry. In addition to developing and producing processing equipment for Offset and Flexo printing technologies, It also offers customer support as well as a full range of spare parts, wear parts, and consumable products. Its diverse product portfolio includes inkjet imaging systems, exposure units, washout units (processors), dryers, light finishers, fully automatic plate-making (inline) systems, mounting tables, plate stackers & turners. It presents two reportable segments the prepress market and the property rental Selandia. It has a geographic presence in EMEA, the Americas, Asia, and the Pacific. It generates the majority of its revenue from EMEA.

Glunz & Jensen Holding AS Headlines

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